USAREC is not currently accepting streamlined requests for waivers. ALL requests for waivers must be submitted with the applicant's packet in accordance with instructions found on the Warrant Officer Recruiting Home Page http://www.usarec.army.mil/hq/warrant/index.shtml under Hot Topics then Waivers.
Bidding War A bidding war refers to the competition that can often take place between two or more viable buyers at a foreclosure auction. In many states, homes that are foreclosed will be sold by the bank at an auction proceeding. The bidding war is what happens when two or more buyers eye the property at that auction.
bid bond. A written guaranty from a third party guarantor (usually a bank or an insurance company) submitted to a principal (client or customer) by a contractor (bidder) with a bid. A bid bond ensures that on acceptance of a bid by the customer the contractor will proceed with the contract and will replace the bid bond with a performance bond. Otherwise, the guarantor will pay the customer the difference between the contractor's bid and the next highest bidder.